Curve's CRV Tokens Are the Hot Play So Far in 2022
  The latest moves in crypto markets, in context Edited by Omkar Godbole January 4, 2022 Sponsored by  If you were forwarded this newsletter and would like to receive it, sign up here.
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Market Moves Bitcoin was little changed early Tuesday, changing hands around $45,528, in an anemic start to the year, especially compared with the big rally in early 2021.
One token that was seeing action was CRV, the governance token of decentralized exchange (DEX) Curve.Fi. The token is extending its five-month winning streak as the battle between DeFi protocols for control leads to a demand-supply imbalance.
CoinDesk data shows CRV has gained 23% this month, with prices rising 12% to $6.56 in the past 24 hours. The token rallied 127% in the final quarter of 2021 even as market leader bitcoin rose just 5%.
As of Tuesday, about 86% of the token's $3 billion supply is locked up in various DeFi, or decentralized finance, protocols, according to CoinMarketCap. The declining liquidity could be attributed to DeFi protocols competing to accumulate CRV to influence the decision-making at the DEX in a way that benefits them the most.
"An increasingly large amount of CRV is being locked up as veCRV, which has the effect of offsetting some of the supply emissions," Jason Choi, general partner and head of research at Spartan Capital, said in an email. "Protocols like Convex are locking up almost 50% of all veCRV, as other protocols are accumulating CVX, the token to Convex. In other words, more and more protocols are building off of Curve, and an entire ecosystem is emerging, engaged in the so-called Curve Wars."  Read More:
Cosmos-Based Exchange Osmosis Crosses $1B in Locked Value By Shaurya Malwa
Osmosis, the first decentralized exchange (DEX) on the Cosmos network, crossed $1 billion in total value locked (TVL) on Monday night, data from trackers show.
Osmosis tokens (OSMO) surged 13% to $7.78 in the last 24 hours, reaching new highs and crossing the November 2021 high of $6.80, as per data from CoinGecko. OSMO holders can stake their tokens to receive yields and rewards, and participate in platform governance to suggest measures for growing the protocol.
Osmosis has caught on recently amid revived interest in blockchains apart from Ethereum, which is expensive to use and has relatively slower transaction times. Daily average trading volumes on Osmosis grew from $4.1 million in July 2021 to $46.6 million in December 2021, data from analytics tool Token Terminal show.
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Crypto Prices Bitcoin (BTC) See the latest price here Ether (ETH) See the latest price here The following are the biggest movers in the CoinDesk 20 digital assets over the past 24 hours: Biggest Gainers: Biggest Losers:
Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive, and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges.
Technician's Take by Omkar Godbole  Ether's MACD histogram suggests potential for bullish crossover  Ether's daily chart with MACD histogram (Source: TradingView) A potential bullish crossover on the momentum indicator MACD histogram suggests scope for a price bounce.
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Crypto Markets Update and Outlook, Layer 2 Solutions to Improve Ethereum Performance
"First Mover" dives into crypto markets on the first day stock markets open in the new year. Joining us to discuss the general 2022 crypto outlook, questions about the inflation-hedge narrative, correlation to the stock market, volatility, DeFi and more is Greg Magadini, CEO of Genesis Volatility. Also, Jan Hartmann of Banxa Labs on the progress in deploying Layer 2 solutions to lower Ethereum gas fees and speed up transaction times.
Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments.
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